- Corporate guaranteed lease
- The tenant, Revolving Kitchen, will sign a brand new 10-year lease at the close of escrow with 2 (5-Year) options to extend, demonstrating their commitment to the site
- The lease features 4% annual rental increases throughout the initial term, providing a hedge against inflation and steadily growing NOI
- The roof will be completely replaced at closing and will come with a brand-new 10-20 year warranty, providing long-term protection for the new owner
Investment Offering
Garland, TX - Revolving Kitchen
520 Shepherd Dr | Garland, TX 75042
$5,500,000
Price7%
Cap Rate$385,000
NOI33,600
± SF Offering GLADescription
Location
- The property is located in a primary retail corridor with many nearby national/credit tenants including Taco Bell, Whataburger, McDonald’s, Golden Chick, Take 5 Oil Change, Sherwin-Williams, Peet’s Coffee and many more
- The asset features an 8,000 Gallon grease trap, 100 SF Freezer, 1,200 SF of Cooler space, and 220v/2,000a + 480v/800a of power
- Strong tenant synergy promotes crossover shopping to the subject property
Documents & Links
| View | ||
|---|---|---|
 Download Flyer |  |  |
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215